IRSA calls assembly to approve a dividend of up to $211,000 million

IRSA Inversiones y Representaciones S.A. called its shareholders to an ordinary and extraordinary general meeting for October 22, 2026, in which a profit for the year of $394,080,843,322.03 and the payment of a cash and/or in-kind dividend of up to $211,000,000,000 will be submitted for consideration. The notice was published in the Second Section of the Official Gazette of the Argentine Republic on September 24, 2026, under notice No. 68555/26.

The company, with CUIT 30-52532274-9, has been registered with the General Inspection of Justice (IGJ) since 06.23.1943 under No. 284, Fº 291, Lº 46, Tº A. The meeting will be held remotely from the corporate headquarters at Carlos María Della Paolera 261, 9th Floor, Autonomous City of Buenos Aires, at 11:00 AM on the first call and at 12:00 PM on the second.

A profit of $394.080 billion and a dividend of up to $211.000 billion

The agenda includes the consideration of the documentation provided for in subsection 1 of article 234 of Law No. 19,550 corresponding to the fiscal year ended 06.30.2026, and the treatment of the result for that period, which shows a profit of $394,080,843,322.03.

On that basis, the board proposes the payment of a cash and/or in-kind dividend for up to the sum of $211,000,000,000. The agenda is completed with the consideration of the management of the board and the supervisory committee for the same fiscal year.

Remuneration, authorities, and accountants

The assembly must also rule on the following points:

• Remuneration for the board for $24,293,481,028.85, with an excess of $4,589,438,862.75 over the limit of five percent (5%) of the credited profits according to article 261 of the General Companies Law.
• Remuneration for the supervisory committee for $45,755,966.40.
• Determination of the number and appointment of titular and alternate directors, with mandates of up to three fiscal years according to the twelfth article of the corporate bylaws.
• Appointment of the titular and alternate members of the supervisory committee for one fiscal year.
• Appointment of the certifying accountants for the fiscal year ending 06.30.2027 and approval of their fee for the fiscal year closed on 06.30.2026.
• Treatment of the sums paid as personal assets tax as a substitute responsible party for the shareholders.
• Annual budget for the implementation of the audit committee’s annual plan.

Merger by absorption of Los Gallegos

The fourteenth item on the agenda provides for the merger by absorption of Tienda Los Gallegos SA and Los Gallegos Martínez Navarro y Cía SA into IRSA Inversiones y Representaciones Sociedad Anónima, along with the approval of the separate and consolidated merger financial statements, the prior merger commitment, and the corresponding authorizations and delegations.

Items twelve and fourteen will be treated as extraordinary and will require a quorum of 60%. Since it is a company with publicly offered shares, if the first call fails, only the items of the ordinary assembly may be considered in the second call, and an extraordinary assembly must be held in a second call for the remaining items.

How to participate: remote modality and deadline

The registry of book-entry shares is managed by Caja de Valores S.A., located at 25 de Mayo 362, CABA, therefore shareholders must obtain proof of their account to attend. Participation will be via videoconference using the Zoom application, with voice and vote, and the session will be recorded and kept in digital format for five years.

The deadline to communicate attendance expires on October 16, 2026, at 3:00 PM, via the email address l.huidobro@zbv.com.ar, in accordance with article 238 of the General Companies Law. The minutes will be signed within five business days of the meeting. The call bears the signature of Eduardo Sergio Elsztain as president, appointed according to a private instrument dated 10/28/2024.

The definition of a dividend of up to $211 billion makes this assembly a relevant event for shareholders and the real estate market, as the destination of the profits and the absorption of Los Gallegos will redefine the equity structure of the country’s main listed real estate vehicle.

Source: Official Gazette of the Argentine Republic, Second Section, September 24, 2026, notice No. 68555/26 (official reference: notice No. 68555/26).